“Recording a negative net result in 2020, the Company is making efforts to recover in the existing global scenario due to the COVID-19 pandemic. The Company’s management believes that it has restored shareholder confidence and believes that it will be further supported,” reads the quarterly report published on the Bucharest Stock Exchange on Tuesday evening.
The operating result was a net profit of RON2.16 million, compared to a net loss of RON20.53 million in the nine months ended September 30, 2020.
As of September 30, 2021, ArcelorMittal Hunedoara had total assets of RON535.2 million, 3.3% higher than at the beginning of the year.
ArcelorMittal Hunedoara’s largest shareholders are ArcelorMittal Holdings, with a 96.5% stake, and SIF Banat-Crisana (SIF1.RO), with a 2.98% stake.
The ArcelorMittal steel group, controlled by Indian billionaire Lakshmi Mittal, acquired the Hunedoara plant in 2003. ArcelorMittal owns three plants in Romania, in Hunedoara, Iasi and Roman.
ArcelorMittal Hunedoara has a capitalization of RON49.6 million. Its shares are up 33.7% since the beginning of the year, amid transactions of just RON18,750, Bucharest Stock Exchange data show.
(English version by Loredana Fratila-Cristescu)